The Sky is Falling..., page-4

Maybe another takeover, haha, to add to the lack of proofreading or knowledge of what they write. Another Chevron typo blunder has Simon Thomson as the chairman of Tullow Oil. A good article none the less. Maybe another reason COP are stinging to vacate Angola as soon as possible.

“The Atlantic margins and East Africa have some of the most exciting geology for conventional oil and gas discoveries in the world today,” said Simon Thompson, Chairman of Tullow Oil, in a February interview. In the current environment, however, high-cost and high-risk will most likely be deferred, as the current market makes them unviable.
There is still ample opportunity for investment in relatively low-cost environments, however. In Senegal, Africa Petroleum has indicated that the company has no plans to cancel projects. Because of stalled projects south of Senegal, rig prices have fallen, creating areas in the oil-rich Cairn fields of Senegal that are drastically cheaper to drill – $30 to $50 million there, versus $200 million in Angola.

http://www.theworldfolio.com/news/decline-in-oil-prices-boosts-africas-investment-climate/3705/